tag:blogger.com,1999:blog-4159906646513306121.post1423006345836584953..comments2017-11-06T14:46:14.938-08:00Comments on Economic Logic: Exchange rate commitment always beats capital controlsEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4159906646513306121.post-30764386793963730342015-05-25T19:15:19.765-07:002015-05-25T19:15:19.765-07:00if international lenders take into account that ta...if international lenders take into account that taxes affect borrowers’ income available for debt repayments then exchange rate interventions are completely ineffective to manage crises and, instead, macroprudential policies are useful for correcting the externality that stems from the underestimation of the social costs of decentralized debt decisions. See https://ideas.repec.org/p/bdr/borrec/879.htmlAnonymousnoreply@blogger.com